secwatch.observer — SEC 8-K summary
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Issuer:     PTC INC. (PTC)
CIK:        0000857005
Form:       8-K
Filed at:   2023-02-21T23:59:59+00:00
Accession:  0000950170-23-003309
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PTC separates CEO/President roles; promotes DiTullio to President and COO; extends Heppelmann's agreement to 2026
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- James Heppelmann remains CEO; Michael DiTullio promoted to President and COO, effective Feb 16, 2023.
- Heppelmann's executive agreement extended from Sep 30, 2023 to Sep 30, 2026; no other compensation changes.
- Stockholders approved increase of 6M shares under 2000 Equity Incentive Plan (to 50.3M total).
- Stockholders approved increase of 2M shares under 2016 Employee Stock Purchase Plan (to 4M total).
- All nine director nominees elected; say-on-pay passed with ~92% of votes cast.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/857005/000095017023003309/0000950170-23-003309-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/857005/000095017023003309/ptc-20230216.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-003309

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer